# Central Bank seen seeking weak peso under Fernández | Buenos Aires Times

> Argentine President-elect Alberto Fernández is reportedly preparing to task the Central Bank with actively curbing peso appreciation to weaken the currency. The plan would use the central bank's lack of legal independence from the government. Fernández takes office December 10.

- Date: 2019-11-18 · published 2019-11-18T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/56333-central-bank-seen-seeking-weak-peso-under-fernandez-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A deliberately weaker peso would lift Argentina's export competitiveness for soymeal and corn, potentially increasing Argentine export supply and pressuring international meal prices.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -10.9% | -15.4% |
| SBM | 2020-09-29 | [Government mulls temporary cut on some crop export taxes \| Buenos Aires Times](https://feedsoft.ai/events/50971-government-mulls-temporary-cut-on-some-crop-export-taxes-buenos-aires-times.md) | +3.3% | +17.1% |
| SBM | 2023-07-25 | [Argentina announces measures to boost foreign reserves \| Buenos Aires Times](https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times.md) | +0.7% | -7.7% |
| SBM | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +3.4% | +11.2% |
| SBM | 2018-11-03 | [Agri-business boom lifts economy, amid tax ire \| Buenos Aires Times](https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times.md) | -1.7% | +0.4% |
| CORN | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -0.7% | -1.6% |
| CORN | 2023-07-25 | [Argentina announces measures to boost foreign reserves \| Buenos Aires Times](https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times.md) | -13.4% | -17.1% |
| CORN | 2018-11-03 | [Agri-business boom lifts economy, amid tax ire \| Buenos Aires Times](https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times.md) | +1.8% | +1.4% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-central-bank-seen-seeking-weak-peso-under-fernandez.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.